Central Bank of Iraq .. monetary and fiscal policy successful

Central Bank of Iraq .. monetary and fiscal policy successful

21/1/2016

BAGHDAD - Ali Karim Ozhab

Director General of the Department of release and cabinets in the Iraqi Central Bank Shomran Yasiri Ahsan said that the banking system in Iraq is still strong and recuperative but no liquidity problems at some banks and not exceeding Monday.

He pointed Yasiri told the "Journal" that the government banks and the central bank continues to meet the needs of the public of cash, and that community Iraq has full confidence in the central bank to be considered the oldest banking institution in Iraq and has a track record of bank credits and the sale of the national currency in a manner in harmony with the preservation its value against hard currencies.

Yasiri said that the problem faced by the Iraqi Central Bank and other government banks is that some men call politicians talk is irresponsible and without evidence supported and disseminated through social networking sites and circulated by some weak-minded people and media that are trying to prejudice the central action.

He said the central bank has an active and important role in shaping and determining the Iraqi monetary policy, said: "If no public confidence in the central bank to shift the purchase of goods to the dollar and not the national currency, Vdinar for citizen important Shi factor primarily in the purchase, sale and compactness."

Director General of the release circle and cabinets in the Central Bank of Iraq and stressed that the situation now is much better than a year ago, but there are confusing information and statements fallacy monetary and financial reality of the fact that the country is now undergoing a state of war against terrorism, gangs, and that the black gold market continues to fluctuate and has a direct impact on national economy, the fact that Iraq is supported on fiscal revenue from the sale of crude oil, and these and other breed in some individuals opponents the right to work the word is not accurate, hoping to improve the overall situation in all its details globally and locally for the better to strengthen Iraq's economic process.

He revealed Yasiri for "Il Giornale" that the Central Bank of Iraq has taken a number of recommendations to review the work of banks lagging and is committed to literally central instructions for flexible policy to strengthen monetary and financial track and put it tracks true, stressing that the next few days will witness the start of this economic recommendations.

For his part, economic adviser in the Prime Minister Abdul Hussein Al-Anbuge confirmed in an interview with "Il Giornale" The Iraqi citizen has full confidence in government bank transactions and the Central Bank of Iraq to open bank accounts and credit led to the lifting shares of the citizen, it is not inconceivable that many citizens are losing confidence transactions banks government.

Anbuge between that at present appear on the economic and financial arena in Iraq's remarks to highlight the work of the Iraqi Central Bank and the distortion generated realities on the ground and that these statements are inaccurate and did not built on sound economic data, because investors are looking for the right climate for investment, and the environment dominated stability political and security, economic, Economic Stability means to maintain the value of the national currency.

For his part, stressed the economist Mahmoud Mayali for "Journal" today that the central bank policy of the current supportive of the Iraqi dinar and made its price steady against hard currencies, Masahm in attracting investment, whether internal or external, calling for a solution to the political and security problems, to encourage investors to launch their investments inside Iraq.

It is said that the Iraqi Central Bank seeks to achieve economic stability through the promotion of confidence in Iraqi dinars, and work on price stability, and the fight against inflation, and the use of the mechanics of this policy, in cooperation with the fiscal policy in order to reach a state of economic balance.

duck2000 wrote:Iraq does like too bluster ya!

Screwball wrote:

duck2000 wrote:Iraq does like too bluster ya!

Bluster needs to result in action!